The dust is settling on the first phase of the global oil market share war. Oil has been hovering around $50/barrel for nearly a week – a long-awaited relief to the industry which was wondering, exactly, where is rock bottom? The recent stabilization of oil prices has prompted some analysts to make the necessary adjustments to their respective models and estimate if the world will break out of the price slump within the fiscal year.

The recent “bottoming out” of prices in January were followed by WTI rebounding by 15% and Brent jumping 25%. ...


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